Calgary housing market, February 2026: detached tightens, condos oversupplied

CREB®’s February report, released March 2, 2026, showed a city with two very different markets: detached and semi-detached homes on one side, apartments on the other.

Calgary total residential benchmark price: 2026 vs 2025

20262025

February 2026 at a glance

City of Calgary, all homes	Feb 2025	Feb 2026	Change
Sales	1,718	1,526	−11.2%
New listings	2,830	2,766	−2.3%
Homes for sale (inventory)	4,147	4,822	+16.3%
Months of supply	2.41	3.16	+31.1%
Sales-to-new-listings ratio	61%	55%	−6 pts
Benchmark price	$586,300	$560,500	−4.4%
Average days on market	33	42	+9 days

Sales were 11% lower than last February, mostly because of a sharp pullback in row and apartment sales. Citywide conditions were still balanced, with three months of supply and a 55% sales-to-new-listings ratio. Condominiums and row homes made up more than half of the 4,822 homes for sale.

By type of home

Type of home	Sales	Benchmark price	vs. Feb 2025	Months of supply
Detached	736	$734,300	−3.2%	2.6
Semi-detached	175	$682,200	−0.4%	2.4
Row	270	$423,600	−5.0%	3.3
Apartment	345	$298,600	−9.3%	4.6

• Detached: 736 sales and just under three months of supply. The benchmark price rose over 1% from January to $734,300, but was still 3% lower than a year earlier. The West district was tightest, with less than two months of supply; the North East struggled with excess supply.
• Semi-detached: 2.4 months of supply, the lowest of all types, and a benchmark price of $682,200, over 2% higher than January and similar to last year.
• Row: supply eased to just over three months and the price rose to $423,600, still 5% below last February.
• Apartment: 1,580 units for sale, well over four months of supply, and a benchmark price of $298,600, more than 9% lower than a year earlier.

CREB’s Chief Economist Ann-Marie Lurie linked the condo glut to record construction, with “nearly 18,000 units currently under construction”, while the detached market “continues to struggle with limited supply for homes priced below $700,000.”

February versus January

The market woke up after a slow January. Sales rose from 1,234 to 1,526, and inventory from 4,391 to 4,822. Months of supply eased from 3.56 to 3.16, and homes sold faster: 42 days on average, down from 53 in January. CREB notes that prices usually rise early in the year after the declines at the end of the previous year, and February followed that pattern for every type except apartments.

Detached: the West and City Centre stand out

Detached sales and new listings were similar to last year, with 736 sales and 1,269 new listings, a 58% ratio. The West had the tightest conditions, with less than two months of supply, while the North East struggled with excess supply and saw no monthly price improvement. The City Centre and West were the only districts with detached prices higher than both January and a year earlier. CREB’s chief economist also noted that supply is especially limited for detached homes priced below $700,000.

Semi-detached and row

Semi-detached homes were the tightest segment, with 175 sales on 253 new listings and 2.4 months of supply. Prices rose year over year in the City Centre, North West and West, but fell in the other five districts. Row homes calmed down after January’s surge in new listings: the ratio reached a more balanced 55%, and supply fell from over four months to just over three. Row prices were more than 10% lower than a year earlier in the North East and East, but only slightly lower in the West and City Centre.

Apartments: high supply in every district

Months of supply for apartments by district, February 2026

Even with fewer new listings, 753 new apartment listings against 345 sales kept the ratio at 46%, and inventory grew to 1,580. CREB says supply after the first two months ranged from over 11 months in the North East to below four in the South. Prices fell in all districts, with declines above 10% in the North East, East and South East.